Thai c.bank allows local investors to invest more abroad

Reuters Staff

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BANGKOK, Sept 4 (Reuters) - Thailand’s central bank said on Monday it had further relaxed capital outflow rules, raising the limit that Thai investors can invest overseas to $100 billion from $75 billion currently, at a time of a strong baht.

The changes apply to institutional investors and agencies, such as funds and brokerages, under the supervision of the Securities and Exchange Commission, the central bank said in a statement.

The baht has appreciated by 7.9 percent against the dollar so far this year, becoming Asia’s best performing currency. (Reporting by Orathai Sriring; Editing by Sam Holmes)